I'm 45. I run a small ISP. It's a dying business, which will be dead in maybe 7 years or so as prices in my geographical area drop 10-15 percent every year.
I started an agri commodity trading business in 2015 (anticipating telecom going down in the future) which did quite well for a while. Covid years were ultra bad. And the market instead of recovering has gone even worse now. Many small companies are closing down (2 of my clients this month).
Learnings from 2001, 2007/8 were to turn to education in a down cycle. I had anyway not completed my undergrad college degree. I joined one in data science. Found some problem areas for my existing clients could be solved with data science. Registered a new company last month, and this week got my a miniscule seed funding (debt).
Things are not great but they're still looking up for me. I do not consider myself skilled at anything except maybe relationship building. I too feel that I've faked a lot by just being there. I would suggest you leverage your existing experience, join a MOOC, network with people - it'll take a while, maybe a year or more, but things will work out.
I'll leave you with this cliche - luck is when preperation meets opportunity. Be prepared.
I started an agri commodity trading business in 2015 (anticipating telecom going down in the future) which did quite well for a while. Covid years were ultra bad. And the market instead of recovering has gone even worse now. Many small companies are closing down (2 of my clients this month).
Learnings from 2001, 2007/8 were to turn to education in a down cycle. I had anyway not completed my undergrad college degree. I joined one in data science. Found some problem areas for my existing clients could be solved with data science. Registered a new company last month, and this week got my a miniscule seed funding (debt).
Things are not great but they're still looking up for me. I do not consider myself skilled at anything except maybe relationship building. I too feel that I've faked a lot by just being there. I would suggest you leverage your existing experience, join a MOOC, network with people - it'll take a while, maybe a year or more, but things will work out.
I'll leave you with this cliche - luck is when preperation meets opportunity. Be prepared.